Gold bar

A gold bar, also called gold bullion or a gold ingot, is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping.

Larger gold bars that are produced by pouring the molten metal into molds are called ingots. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets.

The kilobar, which is 1000 grams in mass (32.15 troy ounces), is the bar that is more manageable and is used extensively for trading and investment. The premium on these bars when traded is very low over the spot value of the gold making it ideal for small transfers between banks and traders. Most kilobars are flat, although some investors, particularly in Europe, prefer the brick shape.

Types

Gold bars are classified into two different types, cast and minted, based on their method of manufacturing. Cast bars are made by pouring molten gold into an ingot mold to shape the gold product. Minted bars are made from gold blanks that have been hand cut to the required dimensions from a flat piece of gold. Markings are almost always applied by presses.

Gold bar

A gold bar, also called gold bullion or a gold ingot, is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping.

Larger gold bars that are produced by pouring the molten metal into molds are called ingots. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets.

The kilobar, which is 1000 grams in mass (32.15 troy ounces), is the bar that is more manageable and is used extensively for trading and investment. The premium on these bars when traded is very low over the spot value of the gold making it ideal for small transfers between banks and traders. Most kilobars are flat, although some investors, particularly in Europe, prefer the brick shape.

Types

Gold bars are classified into two different types, cast and minted, based on their method of manufacturing. Cast bars are made by pouring molten gold into an ingot mold to shape the gold product. Minted bars are made from gold blanks that have been hand cut to the required dimensions from a flat piece of gold. Markings are almost always applied by presses.

Latest News for: Oz gold bullion

Bengaluru —&nbsp;Gold prices slipped on Thursday as the dollar steadied and equities climbed on signs of easing trade tensions between the US and China, while palladium rose to a record high, trading at a premium to the bullion. Spotgold was down 0.2% at $1,243.91/oz, as of 4.15am GMT, while US gold futures were 0.1 percent lower at $1,249.30/oz....

Bengaluru — Gold prices fell to their lowest in a week on Friday, and were set for their biggest weekly fall since August, on a firmer dollar as the US Federal Reserve indicated it will continue to raise interest rates, lowering demand for bullion... US gold futures fell 0.3 percent to $1,221.70/oz....

Gold is sticking to a narrow trading range around $1 200/oz even after holdings in bullion-backed exchange-traded funds plunged to their lowest in a year. Bullion for immediate delivery was 0.2 percent lower at $1 198.74/oz as of 11.29 a.m ... In the last month, gold has traded within ......

Spotgold fell 0.2% to $1,209.04/oz at 3.58am GMT, after hitting its highest since August 13 at $1,212.38 on Monday. US gold futures were down 0.1% at $1,215.40/oz...Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar, in which it is priced....

From Turkey’s financial crisis to China’s trade war, the emerging-market contagion is infecting metal markets. Base metals markets tumbled on Wednesday, with most contracts falling more than 2% in London... Not even gold, the usual safe haven, was spared from the selloff. Bullion prices sank 0.5% to $1 188/oz ... ....

Bengaluru — Gold prices recovered on Tuesday from an 18-month low hit in the previous session as a break below a key psychological level triggered buying, while the dollar pared gains after scaling a 13-month high. Spotgold was up 0.2% at $1,195.77/oz, as of 3.41am GMT... US gold futures were up 0.3% at $1,202/oz....

Spotgold was flat at $1,212.12/oz at 3.21am GMT, having lost 0.1% on Thursday. US gold futures were steady at around $1,219.6/oz...The US dollar, in which gold is priced, was down about 0.2% at ¥110.90 ... Spot gold looks neutral in a range of $1,206/oz-$1,220/oz, and an escape could suggest a direction, Reuters technicals analyst Wang Tao said....

Spotgold fell 0.3% at $1,250.90/oz at 3.15am GMT. In the previous session, bullion hit a one-week low at $1,246.81/oz. US gold futures for August delivery were 0.3% lower at $1,251.90/oz... Spot gold might break a support at $1,247/oz and fall more towards the next support at $1,237 ......

Bengaluru — Gold prices rose on Monday as investors covered their short positions and the dollar slipped to its weakest since mid-June, while lingering US-China trade tension supported the bullion as well. Spotgold was 0.4% higher at $1,258.61/oz, as of 3.51am GMT, while US gold futures for August delivery were up 0.3% at $1,259.90/oz....

Gold prices hit their lowest in more than six months on Thursday as the greenback held near one-year highs amid mounting US-China trade friction. Spotgold was down 0.2% at $1 249.71/oz, as of 0752 GMT. Earlier in the session, the bullion touched $1 248.25, its lowest since mid-December ... ....

Spotgold was little changed at $1,267.38/oz, as of 3.04am GMT... US gold futures for August delivery were 0.1% lower at $1,269.10/oz ... The trade war was affecting gold for the time being ... Spot gold still targeted $1,258/oz, as suggested by its wave pattern and a projection analysis, said Reuters technicals analyst Wang Tao....

The stronger dollar damps demand for gold by making it costlier for buyers holding other currencies, while geopolitical uncertainty fuels interest in bullion as a safe investment. Spotgold was up 0.2% at $1,281.12/oz at 10.43am GMT, while US gold futures for August delivery were 0.4% higher at $1,283.60 an ounce....